Income Tax Certification Courses Blog

Introduction Capital gains are profits that are received from the sale of capital assets. There are two types of capital gain namely, long-term ...

Introduction  The term capital gain can be defined as the gains that are arising as a result of transfer of capital asset. The tax that is charged for trans...

Meaning and Importance of Residential StatusBasically, the tax liability of an individual taxpayer depends on his or her residential status in India for a specific financial year.  It is to be noted that determination of residential status under Income Tax Law is different fro...